FX Counterparty definition

FX Counterparty means the entity specified in Condition 8.1 below, a financial institution(s) that the Issuer, from time to time, has designated as a counterparty to carry out the foreign exchange hedge on behalf of the Issuer. The FX Counterparty may be appointed, or such appointment terminated by the Issuer pursuant to Condition 8 – Transaction Partners;]
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FX Counterparty means, with respect to any Series, (i) on the Effective Date, JPMorgan Chase Bank, N.A.; and (ii) thereafter, any FX counterparty in any FX Hedging Agreement, which has a short-term unsecured rating of at least “A-1” by S&P and “P-1” by Moody’s and is located outside the United Kingdom.
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FX Counterparty means (i) on the Effective Date, The Chase Manhattan Bank; and (ii) thereafter any FX counterparty or counterparties in any FX Hedging Agreement, which has a short-term unsecured rating of at least "A-1" by S&P and "P-1" by Xxxxx'x and that is located outside the United Kingdom.
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Examples of FX Counterparty in a sentence

  • See also the risk factor “The Reserve Fund may not be sufficient to service actual interest and expenses payable during the Realisation Period” below.If the amounts credited to each FX Reserve Account are insufficient to pay in full the relevant initial exchange amount payable to the FX Counterparty, such unpaid initial exchange amounts shall represent a claim on the liquidation proceeds of the ACT Issuer Assets which will be paid in priority to the Bondholder claims.

  • In addition, the Bank is also the initial FX Counterparty and will act as the initial Selling Agent, in each case, prior to its replacement following a credit rating downgrade.

  • The FX hedge is provided through arrangements with an FX Counterparty - Morgan Stanley International plc - who provide, on an unfunded basis, exposure to the MS Long Gold Euro Hedged Index which tracks in gold terms movements in the EUR/USD exchange rate.

  • This means that, if you hold your investment to Maturity, your Units will have a minimum value sufficient to meet your Investment Loan Repayment (subject to the creditworthiness of the Swap Counterparties and FX Counterparty — see Section 6 “Risks” and Section4.2.2 “Structure of the Investment Loan”).

  • It is impossible to say whether such developments lend support to the creation of a statutory tort of privacy or whether the legislature will instead consider that such a response by them is unnecessary in light of decisions like Giller and Wilson.

  • I have considered the Scheme in the context of the Court’s decision in respect of that proposed transfer of an annuity portfolio (the “ Prudential/Rothesay Scheme”).

  • Citibank N.A. or any of its Affiliates, may, if selected by the Company, act as the FX Counterparty.

  • All actions shall be by majority of those present or proxy and voting, except changes to the Bylaws.

  • Besides, Lee et al (2004) sustains that lagged openness is not a reliable instrument, as it may lead to increase the imports of physical capital and hence provoke growth by a channel which is independent of present openness.

  • Credit risk primarily refers to the risk that Authorised Participants, the Custodian or the FX Counterparty will default on its contractual obligations resulting in financial loss.


More Definitions of FX Counterparty

FX Counterparty means (i) on the Closing Date, JPMorgan Chase Bank and (ii) thereafter any FX counterparty or counterparties in any FX Hedging Agreement, which has a short-term unsecured rating of at least "A-1" by S&P and "P-1" by Moody's.
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FX Counterparty means Borrower, as Party B under the ISDA Agreement.
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Related to FX Counterparty

  • Hedging Counterparty means HSBC Bank plc or any Affiliate of HSBC Bank plc or any other party

  • Hedge Counterparty means a Lender, the Administrative Agent or any of the Lender’s or the Administrative Agent’s affiliates (at the time a hedging agreement is entered into) who has entered into a hedging agreement for the purpose of hedging interest rate liabilities and/or any exchange rate and/or commodity price risks provided it has become a party, or by execution of an additional bank secured party acknowledgment has agreed to be bound by the terms of, to the First Lien Intercreditor Agreement in its capacity as hedge counterparty.

  • Lender Counterparty means each Lender, each Agent and each of their respective Affiliates counterparty to a Hedge Agreement (including any Person who is an Agent or a Lender (and any Affiliate thereof) as of the Closing Date but subsequently, whether before or after entering into a Hedge Agreement, ceases to be an Agent or a Lender, as the case may be) including, without limitation, each such Affiliate that appoints the Collateral Agent as its agent and agrees to be bound by the Credit Documents as a Secured Party, subject to Section 9.8(c).

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • Eligible Counterparty means an “Eligible Counterparty” for the purposes of the Law.

  • Counterparty means PJMSettlement as the contracting party, in its name and own right and not as an agent, to an agreement or transaction with a Market Participant or other entities, including the agreements and transactions with customers regarding transmission service and other transactions under the PJM Tariff and the Operating Agreement. PJMSettlement shall not be a counterparty to (i) any bilateral transactions between Members, or (ii) any Member’s self- supply of energy to serve its load, or (iii) any Member’s self-schedule of energy reported to the Office of the Interconnection to the extent that energy serves that Member’s own load.

  • central counterparty means a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;

  • FX Contract is any foreign exchange contract by and between Borrower and Bank under which Borrower commits to purchase from or sell to Bank a specific amount of Foreign Currency on a specified date.

  • Swap Provider The swap provider under the Swap Agreement either (a) entitled to receive payments from the Supplemental Interest Trust or (b) required to make payments to the Supplemental Interest Trust, in either case pursuant to the terms of the Swap Agreement, and any successor in interest or assign. Initially, the Swap Provider shall be Deutsche Bank AG New York Branch.

  • Rate Hedging Agreement means an agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates or forward rates, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants.

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • Cash Management Bank means any person that, at the time it enters into a Cash Management Agreement (or on the Closing Date), is an Agent, an Arranger, a Lender or an Affiliate of any such person, in each case, in its capacity as a party to such Cash Management Agreement.

  • Eligible Swap Counterparty means an entity, which may be an affiliate of a remarketing agent, engaged in the business of entering into derivative instrument contracts that satisfies the Rating Agency Condition.

  • Financial Counterparty has the meaning given to such term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 12 C.F.R. 382.1 and 12 C.F.R. 47.2.

  • Hedge Provider means Xxxxx Fargo or any of its Affiliates.

  • Secured Swap Provider means (i) a Lender or an Affiliate of a Lender (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of a Rate Contract) who has entered into a Secured Rate Contract with Borrower, or (ii) a Person with whom Borrower has entered into a Secured Rate Contract provided or arranged by GE Capital or an Affiliate of GE Capital, and any assignee thereof.

  • Hedging Agreement means any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.